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Index

A numerical scale used to compare variables with one another or with some reference number. 


Purpose of the Index
Some of the primary objectives of an index are listed below.

  • To assist with benchmarking
  • To facilitate evaluation
  • To assess for Key Performance Indicators (KPIs)
  • To provide the horizontal (x) or vertical (y) axis of a matrix.


Components of the Index
The components of the index are listed below.

  • Minimum and maximum values
  • Thresholds

Scales of the index
These can be either numerical or linguistic. Included below is an example of a linguistic scale.

Types of Index

In capital planning there are a range of indices that can be grouped into three broad categories: 

      Group 1 - Condition
       Group 2 - Finances
       Group 3 - Operations
Distinction between a Key Performance Indicator (KPI), a measure, a rating scale and a threshold
Fig. Distinction between a Key Performance Indicator (KPI), a measure, a rating scale and a threshold.


FCI compared across multiple facilities
Fig. FCI compared across multiple facilities within a single portfolio with the objective of making resource allocation decisions in the context of limited resources.



Average FCIs for different departments within a single portfolio.
Fig. Average FCIs for different departments within a single portfolio.
See also: